Market Insights
Relab's Suburb Insights tool gives you comprehensive market data for any suburb you're searching in. This helps you helps you understand local market dynamics, whether preparing CMAs, setting listing strategies, or evaluating investments. View current market conditions, price trends, sales activity, and selling methods.
How to Use Suburb Insights on Relab
To access suburb insights:
- Search for a property in Relab Pro
- In the property details panel (right side of map), find the Suburb Insights button near Council Valuation and Automated Estimate sections
- Click Suburb Insights to open the Market Insights page for that property's suburb
What's Included in Suburb Insights?
1. Market Performance Metrics
- Latest Median Sale Price - Current median with month-on-month percentage change
- Days to Sell - Average time properties spend on the market
- Price vs Valuation - How sale prices compare to property valuations (percentage difference)
- Market Activity - Total number of sales in the last 12 months
- Market Trend - Current market conditions (buyer's, seller's, or balanced market)
- Price Trends Comparison - Chart showing median sale prices over the last 12 months for the suburb you are searching compared to the town or city it's located in
- Sales Activity - Graph displaying number of sales and market activity patterns for your suburb by month
2. Sales Methods Breakdown
- Split of how properties are sold (auction, deadline sale, tender, price by negotiation)
- Comparison between suburb-specific and city-wide selling methods
- Most popular selling method for both the suburb and wider city area
- Total sales count for suburb and wider city/town area for easy reference
3. Time to Sell
- Average days properties spend on market tracked month by month for your suburb
FAQs
How frequently is Suburb Insights data updated?
The last updated date appears at the top of each report so you know exactly when the data was refreshed.
Where does the market data come from?
Market data is sourced from multiple sources such as Council records and property sales databases. We then apply our own calculations and analysis to generate comprehensive suburb insights, giving you a complete picture of market trends and property values.